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Abstract:Banks would be allowed to sell citizens foreign currency without any restrictions from May 20, with the exception of U.S. dollars and euros.

Russia's central bank said on Thursday banks would be allowed to sell citizens foreign currency without any restrictions from May 20, with the exception of U.S. dollars and euros.
Restrictions on dollars and euros, which allow citizens to buy only those dollars and euros that arrived in banks after April 9, will remain in place until Sept. 9, the central bank said. Please download WikiFX for more forex news.
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The British banking giant HSBC Holdings Plc has announced a potential $1.1 billion charge connected to the long-running Bernard Madoff Ponzi scheme, following a legal ruling in Luxembourg. The claim stems from Herald Fund, a European investment fund that sued HSBC over alleged losses related to the Madoff fraud.

BofA Securities, Inc. (BofAS) has agreed to pay a $155,000 fine and accept a censure from the Financial Industry Regulatory Authority (FINRA) after FINRA found multiple violations of market trading and supervisory rules.

Malaysia’s Securities Commission warns that complaints about unlicensed investment activities have doubled in five years—3,602 cases in 2024 and 2,039 in H1 2025—highlighting increasingly sophisticated scams targeting even professionals and seniors. Schemes often mimic legitimacy, then block withdrawals via “compliance” or “maintenance” excuses. The core defense is pre-investment verification and ongoing risk control.

Recently, reports have surfaced online exposing yet another withdrawal scandal involving FinPros, a forex broker that claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC). According to the report from the victim, FinPros froze her legitimate profit of USD 197, citing a bizarre reason: “suspected collusion with other violators during trading.”